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The post Is Ripple Lawsuit Ending Today? SEC’ To Discuss ‘Settlements’ And Other Legal Matters Today appeared first on Coinpedia Fintech News The ripple effect in the XRP community is palpable as the SEC gears up for another closed-door meeting, scheduled for February 13, 2025. This marks the third consecutive weekly closed session under the Sunshine Act, and the excitement is building. Could this be the meeting where the SEC finally pulls the plug on its appeal against Ripple, leading to a significant rally? The stakes are high as XRP’s future may rest on the commission’s next steps. A withdrawal of the appeal could potentially trigger a surge, pushing XRP toward a new all-time high. At the same time, the market is awaiting greater legal clarity, as asset managers are keenly interested in XRP ETFs. Key Topics on the Agenda Institution and settlement of administrative proceedings; Institution and settlement of injunctive actions; Resolution of litigation claims; and Other matters relating to examinations and enforcement proceedings. In particular, the meeting will address the institution and settlement of injunctive actions, administrative proceedings, and the resolution of litigation claims—subjects closely tied to the ongoing SEC vs. Ripple case. Experts are speculating that an official move toward resolving the SEC vs. Ripple case could set off a massive rally within the broader crypto space. The potential end of this legal battle could also pave the way for a Ripple IPO and open up other market opportunities, possibly leading to a more favorable tax environment for XRP holders. While the immediate focus is on the SEC’s next moves, many are looking beyond the Ripple case to the broader regulatory landscape. The SEC’s establishment of a new task force to clarify crypto rules under the Trump Administration has led to optimism that clearer regulations are on the horizon.

Original source: Newsis Compiled by: KarenZ, Foresight News On February 13, South Korea held its third virtual asset committee meeting, planning to allow corporations to open real-name virtual asset accounts in phases, gradually opening up institutional participation in the virtual currency market. This policy marks South Korea's formal opening of the virtual asset market to corporate investors, reflecting changes in the South Korean virtual currency market environment and signaling a trend towards the mainstreaming of cryptocurrencies. However, at the same time, law enforcement agencies such as the prosecution and the National Tax Service have been allowed to open real-name accounts, which may transfer and sell criminal proceeds confiscated in virtual currency and collect tax arrears, potentially raising market concerns. So what directives were issued at the third virtual asset committee meeting convened by the South Korean Financial Services Commission today? The following content is compiled from Newsis. The Vice Chairman of the Financial Services Commission, Kim Joo-young (phonetic), convened the third virtual asset committee meeting and decided to advance the plan for corporations to open real-name virtual asset accounts in three phases, initially allowing law enforcement agencies, non-profit corporations, virtual asset exchanges, and other institutions that need to open accounts for "cash conversion purposes" to participate, with plans to gradually expand to professional investment corporations (for investment and financial purposes) and ordinary corporations in the future. Therefore, the Financial Services Commission has drafted a roadmap to gradually allow corporate participation in the virtual currency market without compromising user protection and market stability. Law enforcement agencies such as the prosecution, National Tax Service, Customs Service, and local governments have been allowed to open accounts since last November for the transfer and sale of virtual assets due to the confiscation of criminal proceeds and the compulsory collection of tax arrears. Non-profit corporations, such as designated donation groups, need to receive and liquidate virtual asset donations, and will be allowed to open corporate accounts in the second quarter of this year. However, due to the lack of specific standards and procedures in receiving and liquidating virtual assets, internal control standards need to be established in advance. Exchanges need to sell virtual assets (their own assets) obtained from transaction fees for operational expenses such as employee salaries and taxes, thus requiring urgent sales transactions. Given that such sales transactions may have a proprietary nature, potentially harming users by causing price declines, the South Korean government plans to establish public guidelines to limit the types and quantities of virtual assets sold. The second phase policy, which will be promoted in the second half of this year, plans to allow professional investment corporations to invest in virtual assets. According to the Capital Markets Act, professional investment corporations do not include financial companies but target listed companies and corporations registered as professional investors (about 3,500). This is to pilot transactions for investment and financial purposes, starting with trades from institutional investors with risk-bearing capacity. Due to the potential anti-money laundering risks associated with large-scale virtual asset transactions, the government will implement this after establishing relevant guidelines and monitoring measures. Additionally, since the investment capabilities of various corporations differ, the opening of accounts will undergo detailed review by banks and exchanges. The full participation of ordinary corporations will be studied as a medium to long-term plan, as it involves secondary legislation related to virtual assets and institutional adjustments such as foreign exchange tax systems. The second phase of legislation needs to include regulatory oversight of the business activities of virtual asset exchanges and a regulatory framework for stablecoins. At the same time, the Foreign Exchange Transaction Act needs to be improved to monitor cross-border virtual asset transactions. The Financial Services Commission plans to work with the government and private institutions to establish guidelines for corporate participation in virtual asset investments. Vice Chairman Kim Joo-young stated, "Regarding the second phase of virtual asset-related laws, including stablecoins, traders, and trading supervision, we will accelerate discussions within the virtual asset committee." He also added, "Regarding token securities, relevant legal amendments have been submitted, and we will actively support the National Assembly in swiftly passing the bill."

Bitcoin remains in consolidation, currently priced at around $96,200. While it struggles to reclaim the psychological $100,000 mark, uncertainty continues to linger among investors. The latest US economic reports failed to shake the crypto market , with BTC showing resilience despite inflation concerns. BTC-USDT 1-day chart - Bitget The latest US CPI report revealed core inflation at 3.2% in January, slightly up from December’s 3.1%. This dampened expectations of multiple interest rate cuts in 2025. While Federal Reserve Chair Powell acknowledged progress toward the 2% inflation target during his Capitol Hill testimony, he suggested rate cuts are not imminent. Bitcoin briefly dropped to $94,106 before rebounding. Following a short-lived pullback, Bitcoin gained momentum as discussions surrounding a US Strategic Bitcoin Reserve (SBR) intensified. The proposed Bitcoin Act, introduced in late 2024, suggests the US government acquire one million BTC over five years with a 20-year holding period. Such an initiative could significantly shift the supply-demand balance in Bitcoin’s favor. While the Bitcoin Act awaits congressional approval, multiple US states are taking independent steps to integrate Bitcoin into their financial strategies: If Congress passes the Bitcoin Act, it could trigger widespread Bitcoin accumulation , much like historical gold accumulation trends. A national Bitcoin reserve could fuel global FOMO, driving prices to new highs. Investors are watching closely as regulatory discussions unfold, with Bitcoin’s future potentially shaped by government policies in the coming months.

$CATBOY Update Latest Catboy Migration Update 👇🏻 ✅ MEXC: We have sent the new token supply, and as we mentioned, the migration on CEX will be done automatically by us. ⏳ Bitget: We’re still waiting on their technical team to finalize the last steps. Once that’s done, we’ll be ready to move forward. ℹ️ Deposits, withdrawals, and trading will remain closed until DEX is live. Our goal is to launch on both platforms at the same time. Once both are good to go, we’ll add liquidity on DEX and open trading on CEX! And yes.. WE WILL ANNOUNCE IT In crypto timing is everything, and we’re making sure to execute at the perfect moment! Anything can happen still.. but we’re positioning ourselves for the best possible launch. ⚠️ Reminder: DO NOT buy $CATBOY using the old contract! The CA filter and buybot in TG mainchat will be updated once we go live. Stay patient, it’s almost time! 🔥 $BTC $ETH $SOL $BNB $BGB $LAYER $SHELL $TRUMP $MELANIA $DOGE $PEPE $WIF $ALPACA $MOODENGETH $ELIZA $FRED $ACT $PNUT $AI16Z

Market: Some AI tokens rebound after excessive fall, ARC has risen 39.4% in the past 24 hours Market: Some AI tokens rebound after excessive fall, ARC has risen 39.4% in the past 24 hours According to Coingecko market data, some AI tokens have rebounded after a sharp drop, including: AI Rig Complex (ARC) increased by 39.4%, at $0.267; Hive AI (BUZZ) increased by 35.1%, at $0.05269; Fartcoin (FARTCOIN) increased by 34.4%, currently at $0.8187; Act I The AI Prophecy (ACT) increased by 24.4%, at $0.236; Pippin (PIPPIN) increased by 23.4%, at $0.04218.